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Showing posts from March, 2020

Company Law Fresh Start Scheme- 2020 - Series 572

Company Law Fresh Start Scheme- 2020 (Step Towards ‘Compliance”) Short Summary: A step by MCA to allow corporates to make a “Fresh Start”. A circular issued by MCA on 30.03.2020 for the benefit of all Companies. This Scheme Shall be start from 01st April, 2020 and end on 30th September, 2020. A Scheme condoning the delay in filing the form mentioned below with the Registrar, in so far it is relate to a)    charging of Additional Fees and b)    granting of immunity from launching of Prosecution or c)    proceedings for imposing Penalty on account of delay associated with filings. As per Scheme Companies have to pay ONLY NORMAL FEES of the forms WITHOUT ANY ADDITIONAL FEES. Scheme shall apply on Following forms : This CFSS is applicable on below mentioned forms including: v Annual Return- MGT-7 v Financial statement- AOC-4 v Other forms required to

LIST OF RELAXATIONS GIVEN BY THE SEBI TO LISTED COMPANIES AND OTHER ENTITIES:-

List Of Relaxations Given by the SEBI to Listed Companies and Other Entities:- Relaxation 1: Vide Circular No:- SEBI/HO/CFD/CMD1/CIR/P/2020/38   dated March 19,2020 A. Extension of timeline for filings: The timelines for certain filings as required under the provisions of the LODR are extended, as follows: Sl. no Regulation and Associated Filing                    Filing Relaxation w.r.t the quarter / financial year ending March 31,2020 Frequency Due within Due Date Extended Period Period of Relaxation 1. Regulation 7(3) relating to compliance certificate on share transfer facility Half Yearly One month of the end of each half financial year April 30, 2020 May 31, 2020 1 Month 2. Regulation 13(3) relating to statement of investors complaints Quarterly 21 days from the end of each Quart